Available
Middlewich – Retail Shop & Ground Rent
9 Wheelock Street, Middlewich, Cheshire CW10 9AGFreehold Vacant Retail & Residential Ground Rent Investment
Price
£110,000
Rent P.A.
ERV: £10,000
Tenure
Freehold
Area
695 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Tenant in process of surrendering the lease*
- ERV upon vacant possession £10,000 p.a. GIY: 9.09%
- VAT is NOT applicable to this property
- Comprises ground floor shop and 3-bed flat above (sold off on long leasehold)
- Located in the heart of the town centre with occupiers nearby including Tesco Express, Nationwide and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Mid-terrace building comprising ground floor shop and a 3-bed flat above (sold off on long leasehold), providing the following accommodation and dimensions:
Ground Floor Shop: 64.60 sq m (695 sq ft)
Open plan retail, Office, Kitchenette, Storage,
First/Second Floor Flat: Sold-Off
Ground Floor Shop: 64.60 sq m (695 sq ft)
Open plan retail, Office, Kitchenette, Storage,
First/Second Floor Flat: Sold-Off
Tenancy Description
The retail shop is at present let to an Individual for a term of 5 Years from 1st December 2017 at a current rent of £8,000 p.a. and the lease contains full repairing and insuring covenants. Tenant in process of surrendering the lease and property will be offered with vacant possession. ERV: £10,000 p.a.
The residential flat has been sold-off on long leasehold for a term of 125 years from December 2017 at a ground rent of peppercorn. Reversion 2142.
The residential flat has been sold-off on long leasehold for a term of 125 years from December 2017 at a ground rent of peppercorn. Reversion 2142.
Tenancies & Accommodation

Location Description
Middlewich is a popular market town 19 miles east of Chester, 5 miles North West of Sand Bach and approximately 37 miles south of Manchester City Centre. The property is located on the south side of Wheelock Street, the main shopping high street in Middlewich, with occupiers nearby including Tesco Express, Nationwide, pharmacy and more.